BA-03-4-“Rainy Day” Fund for the State of Colorado

WHEREAS it is wise and prudent for the State of Colorado to prepare for unavoidable future times of economic decline in times of economic prosperity; and

WHEREAS there is no current provision for a contingency or emergency fund to be utilized in times of economic decline;

NOW THEREFORE BE IT RESOLVED that CLUB 20 supports allowing a portion of excess state revenues to be designated for a newly-created “Rainy Day Fund” with appropriate limits on the legislature’s ability to spend these funds.

 

Adopted September 5, 2003

Renewed April 1, 2011